About The Loonie Adventures of a Forex Noob

“Huck loves her bucks!” I always say. The problem, of course, is how to make those bucks!! In this blog, I'll be posting my adventures as I traverse the forex world, while trying to catch some pips along the way. To do this, I will make use of classical charting methods as well as develop my own mechanical system. Not only will I talk about FX, but I'll also share how my day went along with any currency trade updates. Hopefully, by the end of this tale, I'll be able to achieve my goal of becoming a consistently profitable foreign exchange trader.

Huck’s Q3 2012 Trading Review

After a successful second quarter, the third quarter proved to be a struggle. I ended up big loss, as I only had 2 winning trades and a significant number of losing trades. Below is a brief rundown of all my trade ideas for Q3 2012.

What happened?

Looking back at my trades, I noticed that I fell into the same old trap I did in Q1 2012. I kept entering without confirmation and focused too much on technicals. For instance, in my first USD/CHF trade for the quarter, the trend was upwards and sentiment was risk averse yet I jumped in.

There were also times that I got in too late. I forced to go with the trend even though it was extremely overextended. As a result, I ended up getting stopped out on the pullback.

All in all, it it seems that I tended to focus too much on one specific thing in my trades and failed to see the bigger picture. For the coming quarter, I have four trading resolutions:

Nice post and good to do a review of your past results to know what went wrong. It will surely help you further. Sorry for your loss and happy trading…Gaining a boy friend may help if he is a trading geek… :)))

huck

Haha, well, it could give me some motivation… maybe… Haha!

riyan84

right guy —–> motivationwrong guy —–> demotivation

hope get the right guy, GBU:)happy trading!

Crisscross1983

may i offer my services with regards to point 4.just kidding 🙂I agree with your analysis that you jumped in late many times. Next time will ping you on your trade idea.

huck

Yeah, it was a pretty obvious trend in my failed trades. Thanks Crisscross1983.

simplymilap

for boys 4th rules not good…if i have girl friend… successful trade never talk girls..ha..ha..ha..!

Allen Lim WenJia

Huck can i be your boyfriend? so we can discuss about trading so on… ahahahaha hope you don’t mind asian.